Denarius Posted July 15, 2007 Report Share Posted July 15, 2007 Getting interesting? Link to comment Share on other sites More sharing options...
jitagawn Posted July 15, 2007 Report Share Posted July 15, 2007 There is a general direction and trend related to US policies. I feel you are being naieve. Link to comment Share on other sites More sharing options...
wonderlust Posted July 15, 2007 Report Share Posted July 15, 2007 I think you'll find it's near an all-time low, not a two-year low. Why do you think it's "getting interesting"? Link to comment Share on other sites More sharing options...
Denarius Posted July 15, 2007 Report Share Posted July 15, 2007 What is interesting is that it's getting near its critical support level of 80.05. I think that it will get much lower if it breaks though that level (see my previous posts). More than likely it will bounce a few times near it, as money can be made by traders at that time. Will USA be able to coerce Japan into selling Euros and buying dollars at the critical time, like they have in the past? That will be interesting too. Link to comment Share on other sites More sharing options...
wonderlust Posted July 15, 2007 Report Share Posted July 15, 2007 You do seem a little naive on this subject (no offence). What makes you think it's nearing "critical support"? The dollar is on a slow and orderly long-term down trend against the European currencies. It broke its all-time low against the euro a while back. It's good news for US exporters that the dollar is getting weaker. If anything the USA is pressuring Japan and other Asian countries (especially China) to stop buying dollars and to allow their currencies to strengthen against the dollar. Link to comment Share on other sites More sharing options...
bibblies Posted July 16, 2007 Report Share Posted July 16, 2007 You all seem naive to me. I thought I'd join in the patronisation and use the word of the day. :grin: Don't know where it's going but I bet I could find two teams of highly paid 'analysts', equipped with multiple PhDs and sophisticated algorithms, but somehow coming up with completely opposite predictions. Makes me wonder why they're paid so much... Being a European, I don't rate the underlying strength of the Euro economies anymore than the US. Spain and France, for example, are in pretty bad trouble. Link to comment Share on other sites More sharing options...
wonderlust Posted July 16, 2007 Report Share Posted July 16, 2007 Where are you getting your exchange rates from by the way? It's usually quoted with the euro first so EUR/USD is currently 1.3775. Even if you look at it the other way round USD/EUR is 0.7259. I don't know where you're getting 80.05 from. You seem to be getting a little confused. And naive. Link to comment Share on other sites More sharing options...
wonderlust Posted July 16, 2007 Report Share Posted July 16, 2007 I see what you're looking at now, the dollar index not just the euro/dollar exchange rate. You should try to be more specific about what you're referring to. But I suppose you're right, it will be mildy interesting to see if it goes below that 80 level. Link to comment Share on other sites More sharing options...
OCgringo Posted July 16, 2007 Report Share Posted July 16, 2007 OK , I am naive, not really , no matter what the world economy revolves around the US$ , There is no way the big players are going to let the US$ tank and say go down 50% from where it is now.... WHY Well all the big players and banks have billions in US treasury bonds , if the dollar gets worse they lose, Plus it will really screw up the exports of developed countries as US made goods will be real cheap with this "worthless" dollar I am amazed that the Euro finance guys let the US$-Euro rate get so far out of wack already , They know it hurts Eurozone exports. as I said in another post the US$ has to get to 1.54 to be on the lowest level it was against the D-Mark back in the 90s (converted 2 DM-1 Euro) Thats a pretty long way from where we are now..... OC PS....why pull up a 3 month old post to call me naive ? Link to comment Share on other sites More sharing options...
wonderlust Posted July 16, 2007 Report Share Posted July 16, 2007 Who called you naive? Not me. I was referring to Denarius but then I didn't realise this thread was 3 months old. I thought the first post was "Getting interesting?" under the title "Dollar pauses near two-year low against euro" which is why I thought Denarius had screwed up. Anyway enough of this thread for me. Why would we want to talk about the intricacies of the forex market on a Thailand discussion forum? I blame Denarius for dragging up a 3 month old thread and causing all this confusion. He's so naive. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.